iShares Russell 1000 Value ETF

IWD Fact Sheet as of 12/31/2019

The iShares Russell 1000 Value ETF seeks to track the investment results of an index
composed of large- and mid-capitalization U.S. equities that exhibit value KEY FACTS
characteristics. Fund Launch Date 05/22/2000
Expense Ratio 0.19%
Benchmark Russell 1000 Value Index
WHY IWD? 30 Day SEC Yield 2.26%
1 Exposure to U.S. companies that are thought to be undervalued by the market Number of Holdings 764
relative to comparable companies Net Assets $42,555,370,123

2 Targeted access to a specific category of domestic stocks Ticker IWD

CUSIP 464287598
3 Use to tilt your portfolio towards value stocks
Exchange NYSE Arca

GROWTH OF 10,000 USD SINCE INCEPTION

TOP HOLDINGS (%)
BERKSHIRE HATHAWAY INC
CLASS B 3.07
JPMORGAN CHASE & CO 3.01
JOHNSON & JOHNSON 2.28
EXXON MOBIL CORP 2.04
PROCTER & GAMBLE 2.01
BANK OF AMERICA CORP 1.98
AT&T INC 1.97
INTEL CORPORATION CORP 1.80
VERIZON COMMUNICATIONS
INC 1.76
Fund Benchmark WALT DISNEY 1.75
The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes 21.67
reinvestment of dividends and capital gains. Fund expenses, including management fees and
Holdings are subject to change.
other expenses were deducted.

PERFORMANCE
1 Year 3 Year 5 Year 10 Year Since Inception
NAV 26.34% 9.51% 8.11% 11.59% 7.04%
Market Price 26.18% 9.45% 8.09% 11.60% 7.03%
Benchmark 26.54% 9.68% 8.29% 11.80% 7.21%

The performance quoted represents past performance and does not guarantee future
results. Investment return and principal value of an investment will fluctuate so that an
investor’s shares, when sold or redeemed, may be worth more or less than the original
cost. Current performance may be lower or higher than the performance quoted.
Performance data current to the most recent month end may be obtained by visiting
www.iShares.com or www.blackrock.com.
Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. eastern time
(when NAV is normally determined for most ETFs), and do not represent the returns you would
receive if you traded shares at other times.
 TOP SECTORS (%) FEES AND EXPENSES BREAKDOWN
Financials 23.79% Expense Ratio 0.19%
Health Care 12.91% Management Fee 0.19%
Industrials 9.65% Acquired Fund Fees and Expenses 0.00%
Consumer Staples 8.85% Foreign Taxes and Other Expenses 0.00%
Energy 8.18%
Communication 8.13%
Utilities 6.60%
Information Technology 6.25%
Consumer Discretionary 5.85%
Real Estate 5.17%
Materials 4.29%
Cash and/or Derivatives 0.34%

FUND CHARACTERISTICS
Beta vs. S&P 500 0.96
Standard Deviation (3yrs) 12.00%
Price to Earnings 18.21
Price to Book Ratio 2.12

GLOSSARY
Beta is a measure of the tendency of securities to move with the market as a
whole. A beta of 1 indicates that the security’s price will move with the
market. A beta less than 1 indicates the security tends to be less volatile
than the market, while a beta greater than 1 indicates the security is more
volatile than the market.
The price to earnings ratio (P/E) is a fundamental measure used to
determine if an investment is valued appropriately. Each holding's P/E is the
latest closing price divided by the latest fiscal year's earnings per share.
Negative P/E ratios are excluded from this calculation. For hedged funds, the
underlying fund’s value is shown.
The price to book (P/B) value ratio is a fundamental measure used to
determine if an investment is valued appropriately. The book value of a
company is a measure of how much a company's assets are worth assuming
the company's debts are paid off. Each holding's P/B is the latest closing
price divided by the latest fiscal year's book value per share. Negative book
values are excluded from this calculation. For hedged funds, the underlying
fund’s value is shown.

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Carefully consider the Fund's investment objectives, risk factors, and charges and expenses before investing. This and other information can be
found in the Fund's prospectus, and if available, summary prospectus, which may be obtained by calling 1-800-iShares (1-800-474-2737) or by
visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
Diversification may not protect against market risk or loss of principal. Shares of iShares Funds are bought and sold at market price (not NAV) and are not
individually redeemed from the Fund. Brokerage commissions will reduce returns.
Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses.
Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
"Acquired Fund Fees and Expenses" reflect the Fund's pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds,
such as mutual funds, business development companies, or other pooled investment vehicles. AFFE are reflected in the prices of the acquired funds and
thus included in the total returns of the Fund.
The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").
The Russell Index is a trademark of Russell Investment Group and has been licensed for use by BlackRock. The iShares Funds are not sponsored,
endorsed, issued, sold or promoted by Russell Investment Group. Nor does this company make any representation regarding the advisability of investing in
the Funds. BlackRock is not affiliated with the company listed above.
© 2019 BlackRock. All rights reserved. iSHARES, iBONDS and BLACKROCK are registered trademarks of BlackRock Inc, or its subsidiaries. All other
marks are the property of their respective owners.
FOR MORE INFORMATION, VISIT WWW.ISHARES.COM OR CALL 1-800 ISHARES (1-800-474-2737)
iS-IWD-F1219
Not FDIC Insured - No Bank Guarantee - May Lose Value
962369